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NIIT and Oriental Bank of Commerce join hands
New Delhi, November 16, 2007: NIIT, Asia’s No. 1 trainer and leading Global Talent Development Corporation, today announced its partnership with one of the leading public sector banks in India—The Oriental Bank of Commerce—to offer loan facilities to students joining NIIT programs of studies.
As part of the agreement, Oriental Bank of Commerce will provide financial assistance to NIIT students, in the form of educational loans of up to Rs 1.24 lacs per student.
The Oriental Bank of Commerce’ Educational Loan facility is being offered to NIIT students enrolling for IT career programs of over 1 year duration, including the flagship GNIIT program, as well as the NIIT Edgeineers series.
The Loan will be sanctioned as per the Educational Loan Scheme of Oriental Bank of Commerce which offers easy terms & conditions and affordable EMIs, for eligible candidates. The Loan also comes with a Free Personal Accident Insurance of upto Rs.15 lac from the Bank.
According to Mr. Allen C.A. Pereira, Executive Director, Oriental Bank of Commerce, “As part of its endeavor to participate in the national effort to build skills for future growth, the Bank has tied up with NIIT for offering loans to students desirous of enrolling for its IT training programs. Oriental Bank has also partnered with NIIT Imperia for extending Education Loans to working executives who wish to pursue executive management courses from institutes such as the IIMs, through Imperia”.
In addition to the loan facility for students of NIIT’s IT career programs, the Bank is also offering loan of up to Rs. 2 lacs to students, for executive management programs from NIIT Imperia. 
Oriental Bank of Commerce has been pro-active in extending Education Loans to the students pursuing higher studies in India & Abroad, at affordable rates of interest. The Bank is allowing special concession in the rate of interest to women beneficiaries, SC/ST and physically challenged. The Bank has so far assisted 23275 students for pursuing higher education—technical/professional through education loans. The bank is providing free personal accident insurance up to Rs. 15 lac to each student who avails of the educational loan in order to mitigate the risks.
According to Mr. G. Raghavan, President, Global Individual Learning Business, NIIT, “NIIT is committed to enriching the student experience across its network of education centres, globally. Our partnership with the Oriental Bank of Commerce will enable thousands of students from economically challenged background to avail the best IT education.”
NIIT has the most comprehensive portfolio of IT training programs that are customized to suit different training needs of individuals, ranging from basic IT literacy, to IT career programs such as the multiple track GNIIT program, AAE and IAE program, to modular and advanced training programs in the Infrastructue Management Space.
About NIIT
NIIT, Asia’s No. 1 trainer and leading Global Talent Development Corporation, offers learning and knowledge solutions to 5 million students across 32 countries.
Leading IT magazine Dataquest has conferred upon NIIT, the Top IT Training Company Award 2006. Rated among India’s Superbrands (2003-05), NIIT’s Individual Learning Business offerings include: Industry-endorsed programs for students seeking careers in IT: GNIIT, Integrated ANIIT for Engineers (IAE) and Advanced Technology Programs for IT professionals.
For working professionals, NIIT Imperia, Centre for Advanced Learning, offers Executive Management Education Programmes in association with Indian Institutes of Management (IIMs) at Ahmedabad, Indore and Kolkata.
NIIT Institute of Finance Banking & Insurance (IFBI), formed with equity participation from ICICI Bank, offers programs to develop talent for the banking industry.
NIIT offers turnkey IT integration program for schools. NIIT has provided computer-based learning to over 5000 government and private schools.
NIIT’s Corporate Learning Solutions, offers integrated learning solutions (including strategic consulting, learning design, content development, delivery, technology, assessment and learning management) to Fortune 500 companies, Universities, Technology companies, Training corporations and Publishing houses.
Element K delivers learning solutions for customers and partners through a tailored combination of catalog learning products, technology, and services. The offerings include: vLab®: hands-on labs, instructor-led courseware, comprehensive e-reference libraries, technical journals, and KnowledgeHub™: hosted learning management platform.
NIIT together with Element K is now the first and the best choice for comprehensive learning solutions, worldwide.
For media queries, please contact:
Prateek Chatterjee, NIIT Limited, Ph: +91 9910201085, +124 4293041; or Shivanjali Singh, NIIT Limited, Ph: +91 9811991107; +124 4293044; Email: or Visit